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Impossible for Banks to exchange soiled or torn Rs 200, Rs 2000 notes: Report

By
Lucky Jain
-
496
0
(G.N.S) Dt. 14 New Delhi It has become impossible for banks to exchange soiled banknotes of Rs 200 and Rs 2,000 denomination as the rules governing their exchange are yet to be amended. Exchange of mutilated and imperfect notes is governed by Reserve Bank of India (Note Refund) Rules which

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